Deutsche Bank Q3 Hit: Bad News Far From Over?

Deutsche Bank’s partially preannounced third-quarter net loss of €6.2 billion received widespread comments from the analyst community, with Goldman Sachs believing the that the development points to a sign of the magnitude of the challenge faced by the bank’s management. As detailed yesterday, Deutsche Bank disclosed that its board will recommend a reduction or possible elimination of the common share dividend for the fiscal year 2015. Deutsche Bank won’t generate much capital in the next two years Jernej Omahen and team at Goldman Sachs believe the latest release from the global investment bank is not a kitchen-sinking management action. They point out…